Bryan Nichols joins Crowley marine services team Crowley Shipping reports that Bryan Nichols is moving over to the company's marine services team as manager, business development. With 30 years of experience, Nichols has built a career helping develop industry-leading
Fuel cell powered pushboat set for 2021 delivery ABB is to provide a hydrogen fuel cell based power and propulsion solution for a newbuild pushboat planned to be delivered in 2021 to France's Compagnie Fluviale de Transport, a Sogestran Group
MARAD picks TOTE as Vessel Construction Manager for NSMV program Maritime Administrator RADM Mark H. Buzby, USN (Ret.) today announced that TOTE Services, Inc. of Jacksonville Fla., has been chosen as the Vessel Construction Manager (VCM) for the newest class of training
Shipbuilders Council honors Senator Susan Collins The Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipyard industry, hosted its annual spring meeting in Washington, D.C. this week and honored U.S. Senator Susan Collins (R.-Me.)
Anders Lindmark takes on new role at Alfa Laval Anders Lindmark, formerly Head of Alfa Laval PureBallast, has transitioned to a new role. On May 1, he became Business Unit President, Gas Systems, overseeing the Alfa Laval PureSOx exhaust gas cleaning
FUELTRAX establishes Nigeria affiliate There is a growing need for dedicated local support for the users of Electronic Fuel Management Systems (EFMS) in Nigeria. Nautical Control Solutions, LP, the maker of FUELTRAX, has responded by setting
From the Newsdesk: Revolutionary ideas, trade woes and a debt dilemma Highlights from the Lloyd's List Newsdesk this week include: Container shipping's debate dilemma, our MEPC reporting, a podcast from Hamburg...
Golar spins off LNG carrier business to focus on FLNG Company sees a 'significant pipeline' of FLNG opportunities
Hamburg Commercial Bank still seeking industry deals, head of shipping insists 'Our bank is now a mid-cap bank with a balance sheet of €55bn, and shipping is a core focus, alongside...
Contaminated Urals cargoes stranded in Europe head for Asia With some contaminated cargoes of crude from the Urals headed to China and the Bahamas, the remaining oil cargoes are...
PSA leads DCT Gdansk acquisition The infrastructure fund of Australia's Macquarie group agreed to sell DCT Gdansk in a deal worth more than $1.3bn in...
IMO does not have time on its side Environmental regulators have too many decisions to make and too little time
Fincantieri reconsiders UK support vessels decision UK unions Unite and GMB urge the government to award the contract for three support vessels to British firms to...
Box shipping faces more than one elephant in the room As the box shipping sector prepares for the impact of IMO 2020, it must also look further down the road...
Trade war seen as significant as emission cuts and digitalisation push As the US-China trade conflict appears to be moving into a longstanding wrestling match between the nations, its fallout on...
Setback for British Colombia tanker ban legislation Move likely to please ICS, which argues that statutory restrictions would interfere with international maritime trade
Trade war dims charter market sentiment Owners will have to withdraw transpacific capacity if proposed tariffs come into effect, leaving chartered tonnage due for expiry in...
Zeaborn eyes fleet expansion with appointment of chief executive Company says the appointment of a new chief executive is part of its strategic goal of expanding its managed fleet...
Clarksons says bulkers face challenging year Iron ore trade expected to be the worst hit this year, contracting by 2%, Clarksons says in its dry bulk...
Greek owners hail 'significant progress' on sulphur cap issues The Union of Greek Shipowners praises MEPC 74 decisions 'giving precedence to safety and environmental protection'
Daily Briefing Container shipping's debt dilemma exposed | Crude tanker rates forecast to strengthen | Braemar will return to black, pledges Kidwell...
Bangkok port area halved under redevelopment plan The remaining parts of Klong Toey port will be redesigned with new automated equipment and storage areas to turn it...
TechnipFMC will build Arctic LNG 2 The three-train, 19.8m tonnes per annum Arctic LNG 2 project is giving projects in the US and Australia a run for...
CSC Phoenix sells ageing dry bulker The 1986-built panamax vessel had a net book value of about Yuan23m ($2.9m) as of end-March
Transpacific freight rates battered by US-China tussle Containerships continue to bear the brunt of trade tensions
Giannakoulis out at Morgan Stanley Veteran analyst is latest departure in series of analyst casualties as banks turn away from shipping.
Exmar's Tango FLNG poised to produce first LNG YPF-chartered floater expected to load commissioning shipment this week and ramp up for first commercial cargo
TOTE tapped to manage US training ship construction TOTE Services has been picked to manage the construction of a new class of merchant mariner training vessel. The contract, awarded by the US Maritime Administration (MarAd) Tuesday, will see the Jacksonville-based company select a shipyard to build the National Security Multi-Mission Vessel and ensure the construction follows best practices. Balzano: MarAd will redouble efforts to support sealif
Golar LNG homes in on Brazil for FSRU breakbulk play Chairman Tor Olav Troim outlines his plans to 'make Golar great again'
A place of refuge for mariners and migrants A New York guest house for seafarers is also a first home for asylum seekers in the US
CarVal exits shipowning with sale of bulker duo CarVal Investors has reportedly sold two handysize bulk carriers, which, if confirmed, means the investment manager no longer owns any vessels directly. Brokers report that the 37,300-dwt handys Alpine and Summit (both built 2015) have been sold to White Lake Shipping of Russia for $14.65m each. Primed investors, exit strategies and open kimonos The pair have been being circulated for sale si
Crew member attacked during LNG carrier raid Masked robbers accosted a crew member after boarding an LNG carrier in Peru's Callao anchorage in an attempted pre-dawn raid last week. Peruvian robbers beat up seafarer during bulker raid According to maritime security consultancy Gray Page, as many as five individuals boarded the ship on 15 May by climbing the ship's hawse pipe. They then seized the seafarer, who had been making rounds, pushi
Greece's Meadway Shipping returns to S&P with bulker sale Meadway Shipping & Trading is making its first move in the sale-and-purchase market for two years. The Greek shipowner has reportedly sold the Chinese-built 53,000-dwt supramax bulker Delfa (built 2005) for $7.7m to a Vietnamese buyer. However, Meadway did not reply to requests for comment on reports of the sale. The Delaportas family company bought the Sinopacific Dayang-built vessel from Soe
Trafigura adds fuel-efficiency charter clause and support for slow-steaming One of the world's largest charterers chimes in the industry debate over which measures can best reduce greenhouse gas emissions
Pangaea dividend could broaden shares float Rhode Island owner seeks to leverage its consistent profitability while hoping to attract more investors into the stock.
Uljanik bankruptcy action spreads to parent group Croatian bankruptcy proceedings have widened to include the parent group of Uljanik Shipyard. Six released in $181m Uljanik fraud probe Uljanik Group said an action had opened against it on 20 May, as announced on the ministry of justice website. Bankruptcy proceedings against Uljanik Shipyard had begun last week in the district court at Pazin.. The group also includes shipbuilder 3 Maj and ot
Hanjin Heavy stock falls 10% after trading resumption Shares in Hanjin Heavy Industries & Construction have fallen 10% after they resumed trading for the first time since February. Trio vie for Hanjin's Subic yard The Korean company's stock was suspended due to capital erosion following a filing for court-led rehabilitation by its Philippines yard. The company was later taken over by its lender banks in a debt swap. The Yonhap news agency said th
Tor Olav Troim's Golar LNG edges closer to spinning off shipping fleet Tor Olav Troim's Golar LNG has moved closer to spinning-off its LNG carrier fleet at a time the company is switching focus from raising funds to making better use of existing assets. Golar has been eyeing a listing of its LNG carriers for some time and is in talks with Awilco LNG and Christos Economou's TMS Cardiff Gas to join the venture. Heavyweight owners swing behind slow-steaming Tor Olav
Pacific Radiance wins arbitration over cancelled PSV Singapore owner Pacific Radiance has won an arbitration award against a Chinese shipyard in a case involving two cancelled platform supply vessels (PSVs). SWS contests Pacific Radiance cancellation Its joint venture company CA Offshore Investment Inc (CAOI) had been seeking refunds from Shanghai Waigaoqiao Shipbuilding & Offshore (SWS) and China Shipbuilding Trading. For the first of the two ve
Norden fetches premium for scrubber-fitted MRs Danish operator starts to reap rewards from investment in exhaust gas cleaning systems
New deals and fresh debt in active first quarter for Fredriksen's Ship Finance International John Fredriksen's Ship Finance International has rung in a stronger than forecast first quarter profit at time it is been growing its charter backlog and securing fresh finance. Fredriksen's Ship Finance still gunning for growth after $1.2bn spree in 'jubilee' year Fredriksen's Ship Finance International strikes again for container vessels Ship Finance International eyes tanker market after box
Court nullifies Gaddafi S&P bribery award A UK high court judge has nullified a damages award to Libya's state-owned General National Maritime Transportation Co (GNMTC) in a long-running bribery case involving Hannibal Gaddafi. GNMTC fears 'fake loan' tanker being prepared for sale Monjasa to appeal controversial GNMTC ruling Justice Clare Moulder ruled that an arbitration award of $5m made to the company could not be enforced as the s
Arne Fredly's Hunter Group closing in on long-anticipated equity raise Arne Fredly's Hunter Group is lining up a potential $73m equity raise in what will be one of the largest shipping deals of the year in Oslo. Fredly sets target for Hunter VLCC pool play with Hartree Expanding M&M Bank seeks to raise more equity VLCC owner Hunter is contemplating printing the new stock at a time sources say there is growing appetite for tanker equities. The shipowner has given
Zeaborn eyes 250-ship fleet as Rob Grool joins Germany's Zeaborn Ship Management has appointed Rob Grool as its new CEO with an eye on expanding the fleet. Grool, a former Seaspan and Wallem executive, is taking over from Holger Strack, who has been acting as the company's interim CEO since the beginning of the year. "With the appointment of Rob Grool, we are very excited to have found an internationally renowned executive for our company's
De Beers ups ante on nascent race for deepsea treasure Order for world's largest seabed mining ship highlights investor interest in undersea extraction, but questions loom over its viability and environmental impact
Directors of International Seaways best paid in 2018 Chairman Douglas Wheat took home more money than any other director of a US-domiciled company
Novatek hands Arctic LNG 2 contract to TechnipFMC French shipowner and contractor TechnipFMC has scooped a major contract to help commission Novatek's big new Arctic LNG 2 project. The Russian producer said that its new partner would supply engineering, procurement, supply, construction and commissioning of an integrated LNG facility with annual liquefaction capacity of 19.8m. Sovcomflot tipped for more Arctic LNG 2 newbuilds The contract term
Eidesvik PSV leaves lay up for Aker BP contract After over two and a half years in layup, a platform supply vessel (PSV) owned by Eidesvik Offshore is about to start a contract with Aker BP. Three Norwegian owners win PSV frame deal with Aker BP The 3,546-dwt Viking Athene (built 2006) will be employed for a firm six-month period beginning next quarter, Eidesvik said in a filing on Tuesday. The PSV has been laid up in Norway for 973 days
Jones Act tanker firm American Shipping Company opens 2019 in the black American Shipping Company's first quarter results have measured up with market expectations at a time it sees stability in the Jones Act market. American Shipping Company stays in black as Jones Act momentum continues American Shipping Company looks to amend $220m bond Oslo-listed American Shipping rang in an adjusted profit of $2.2m in the first three months of the year, in line with the $2.3m
Crew reveal 'mental torture' on detained suezmax The crew of a UAE-owned suezmax detained in Egypt for six months has revealed what they call "mental and physical torture" onboard the vessel. In an email to TradeWinds, the seafarers from the 163,000-dwt Sea Shark (built 1991) said the ship was held by Egyptian naval forces on 17 December. Fuel has now run out on board and the vessel is using emergency generators, he wrote. "This has c
Lloyd's AFL makes play to grow marine insurance business New recruit Alexander Mott says the marine market needs fresh ideas, as he attempts to grow the ambitious broker's business from London
Car carrier rates have bottomed out but are still too low to kick-start newbuildings Up to the collapse of Lehman Brothers in 2008, there was a shortage of car carrier capacity. The fleet then included a lot of older vessels, many of which were scrapped enabling the market to recover from the economic downturn. For example, in late 2009 Hoegh Autoliners' decided to scrap eight car carriers in China. However, an orderbook of more than 150 newbuildings meant the fleet quickly gre
The men sculpting the future of 150-year old Astrup Fearnley How do you go about changing a revered 150-year-old Oslo institution? Start by tearing down walls, the new top team at Astrup Fearnley explains
New K Line coal carrier fixed to Jera Japan's K Line has fixed a new specialised coal carrier to power company Jera. The 100,000-dwt Miyagawu Maru was delivered on Tuesday from the Marugame yard of Imabari Shipbuilding. The "Hekinan Max" was jointly developed by the owner and the yard to maximise transport volume to the discharging terminal, Jera's Hekinan thermal power plant in Aichi. The vessel will be principally involved in
Fitch bullish on tanker owner BULL Fitch Ratings has assigned Indonesian tanker owner Buana Lintas Lautan (BULL) a B+ issuer default rating. The outlook for the company is stable, it said. BULL builds tanker acquisition war chest with $84m raise BULL said last month it was looking raise IDR 1.2 trillion ($84.3m) in a share issue as it eyes fleet expansion. It said 60% of the proceeds will be used to buy new ships, with 10% goin
Yantian Express makes Halifax, but cargo interests face two week wait ONE says no cash, no containers for those yet to pay salvage and general average security.
DSME boosted by $400m delivery of Sonangol drillship Daewoo Shipbuilding & Marine Engineering (DSME) is KRW 480bn ($401m) better off after it finally delivered a much delayed drillship newbuilding. DSME profit down but beats estimates Angolan state oil company Sonangol took delivery of the second of two offshore units on Friday, six years after they were originally ordered. The first drill ship was delivered in March after resolving a multi-year
Crowley in rare all-female officer bridge watch US shipowner says more women are showing an interest in attending US maritime academies.
Senator calls for ending trade war, providing farmer aid Kansas Republican Jerry Moran says tariffs threaten long-term damage to U.S. agriculture.
Pence: Approve USMCA 'this summer' "It's time for the Congress to do their job," the vice president said during a speech in Florida on Monday.
Temporary license option established for business with Huawei The Commerce Department's Temporary General License will allow U.S. exporters who meet certain regulatory conditions to continue conducting business with Huawei and its 68 overseas affiliates now on the Entity List.
Teamsters oppose putting 18-year-olds in tractor-trailers President James Hoffa called the FMCSA's proposal to lower the truck driver license eligibility age a "grave concern to those who use the roadways as their workplace every day."
Maersk officer presumed dead after falling overboard The search and rescue operation was called off Sunday night after the second officer of the Maersk Patras fell overboard that morning in Canada's St. Lawrence River.
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